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Litigation funding—sometimes called lawsuit lending—occurs when a third-party company provides money to someone involved in a lawsuit in exchange for a share of any future settlement or judgment; this bill would substantially rewrite Utah's rules governing these arrangements by separating them into "consumer" agreements (funding for individual plaintiffs) and "commercial" agreements (funding for businesses or other parties to litigation), each with its own set of requirements. Funding providers would have to register with the state's Division of Consumer Protection, and consumers would gain more time—10 business days instead of 5—to cancel a funding agreement without penalty; consumer agreements would also need to be written in plain, understandable language, finalized before signing, include specific disclosures and payment terms, and could no longer include prepayment penalties. The bill would bar funding providers from paying referral fees to attorneys or health care providers, from influencing legal strategy or settlement decisions, and from entering into funding agreements—consumer or commercial—with foreign entities or governments designated as security concerns; it would also prevent commercial funders from directing or controlling a party's litigation or settlement decisions or accessing sealed court records without court approval. Finally, the bill would establish that funding providers' interests in case proceeds can be assigned and sets priority rules placing attorney's liens and Medicare or other statutory liens ahead of a funding provider's claim to settlement proceeds.